SOURCE: Universal Energy Corp.

February 02, 2010 10:23 ET

Universal Energy Corp. Taking Steps to Resume Trading on OTCBB

HOUSTON, TX--(Marketwire - February 2, 2010) - Universal Energy Corp. (PINKSHEETS: UVSE), an emerging oil and gas exploration and production company, today announced that it is taking steps to resume trading of its common shares on the OTCBB. The Company's common shares have traded on the pink sheets since May 2009. The Company expects to file its quarterly report for the third quarter of 2009 within the next week followed by the necessary regulatory filings.

"Our stockholders deserve the increased transparency and liquidity that the OTCBB provides," commented Billy Raley, CEO of Universal Energy Corp. Raley continued, "While I expect this process to take a few months (including regulatory reviews), it is a worthwhile and important step in restoring investor confidence in the Company."

Universal Energy Corp. is a publicly traded (PINKSHEETS: UVSE) energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Louisiana and Texas. Visit www.universalenergycorp.info for more details.

Forward Looking Statements -- The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created thereby. While the company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.

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